## **Putney Arts Theatre** 

**Annual Report and independently examined financial statements for the year ended 31 March 2021** 






**Charitable Incorporated Organisation Registered Charity No 1157481** 




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## **PUTNEY ARTS THEATRE ANNUAL REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

||Page|
|---|---|
|Chair’s Review|3|
|Report of the Trustees|<br>7|
|Independent Examiner's Report|11|
|Statement of Financial Activities|12|
|Balance Sheet|13|
|Notes to the Financial Statements|14|
|Analysis of results by productions & activities|19|
|PTC online monologues 2020|22|
|Supporting Cast|23|




Cover photos (clockwise from top left): Putney Arts Theatre red-lit in support of locked down arts venues; The God of Carnage (online); Group 64 online class;  The Ghost Light shines on through Lockdown; Twelfth Night in the Old Burial Ground – the audience Above: The 2021 PTC Awards Night – by Zoom 

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## **PUTNEY ARTS THEATRE CHAIR’S REVIEW FOR THE YEAR ENDED 31 MARCH 2021** 

It has been the most extraordinary year. For most of the year we were unable to use the theatre because of Covid-19 lockdown restrictions. Lockdown began for PAT on 15 March 2020 with the cancellation of that week’s production of _Killolology_ , the set for which is still in the Antony Bridges Studio more than a year later: Marie Celeste-like, it is a 

reminder of what might have been, and what might yet be. The Ghost Light was kept shining in the main auditorium, and the building slept – though not entirely: there were some socially distanced Group 64 classes when the rules permitted, we managed three shows in a restricted auditorium, and there was one production outside. At the time of writing, lockdown is starting to ease, and we hope that the light we can see really is the end of the tunnel. 

As for most of the country, our lives were transformed by video conferencing. Group 64 maintained a full timetable of drama classes and holiday projects by Zoom. These were interactive sessions, 

_**Killology**_ **set** 

enabling participants to feed back, discuss and share, with break-out rooms so that a few students could develop ideas before returning to the main group. The possibilities of teaching and communicating in this way were stretched to the limit, so thanks and admiration are due to all the Group 64 team. There were also two Group 64 productions: the _Shine-On Festival_ in December comprised a number of plays performed by different age groups, and also some workshops, on lighting, directing and other topics; then _Find A Partner_ in March was presented online by the older teenagers, exploring the anxieties, pressures and occasional comedy of searching for the right person. 

_**Ghost Light**_ **by Roberta Volpe** 

Putney Theatre Company also mounted a bravura response to the challenge. The list of cancelled shows might have suggested a thespian disaster zone: _The Hollow, Cyrano de Bergerac_ (cancelled twice, summer 2020 and 2021), _Alice in Wonderland, Di & Viv & Rose_ , and _The Hound of the Baskervilles_ . But PTC triumphed in adversity. The new writing production _Truth or Dare_ went online - short plays exploring the mostly comic and occasionally worrying possibilities suggested by the title. Technical improvements now enabled online sale of modestly priced tickets for this and subsequent online productions. Then began a series of online monologues, a simply astonishing 52 brief extracts from plays, ranging wide in place, period and genre. These are listed, with the actors and directors, later in this report. 

A rumbustious production of _Twelfth Night_ followed in September, performed in the Old Burial Ground. This even found comedy in Covid-19 restrictions, surely the best possible answer to a pandemic. We returned online for _The Magistrate_ , sparkling Edwardian comedy from Arthur Wing Pinero, with 

**Group 64:** _**Find a Partner**_ 

one member of the cast two hundred miles away in Swansea. Increasingly we were able to take advantage of remote performing to involve PTC members now living elsewhere. 

**Group 64** _**Shine On**_ **festival: lighting workshop** 

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**----- Start of picture text -----**<br>
PTC:  Gut<br>**----- End of picture text -----**<br>


_Gut_ by Frances Poet signalled that our response to lockdown would not all be lightness and froth: a mother’s obsession played out with tragic consequences. Shortly before Christmas, _Stories from the Attic_ presented several folk tales, with mesmerising performances and magical puppetry. Both these shows were performed in the main auditorium to a socially distanced audience. In between Yasmina Reza’s _The God of Carnage_ was performed online – two sets of parents whose polite meeting to discuss one child’s misdemeanour escalates to a towering inferno of rage. 

In the new year we went online again, first with _The Weir_ , Conor McPherson’s tale of tragic loss set amidst the beauty of western Ireland. There was more new writing for the final production of the financial year: _It’s what’s inside that counts_ again demonstrated a 

breadth of imagination, making us cry as well as laugh. And there was another distant actor – this time in France. 


A new departure which rehearsed and recorded in March 2021 for release in April was a radio play adaptation in four parts of _Little Women_ . Louisa M Alcott’s story of an American family in the time of the Civil War was convincingly told, with elegiac music, and well received by all. 

In addition to these productions, there were many play readings, quiz nights, singalongs, and nights at PTC’s online pub, the Rat and Pat. Above all there was the PTC Awards Night, outscoring the Oscars for entertainment and enjoyment. We do hope that some online activities will remain as a regular and additional part of our output as we emerge from the long night of Covid. 

In April 2020 the financial outlook was very uncertain: income from drama classes and productions had ceased, but we still had annual overheads of about £100K. Thanks to Veronika and the finance team, applications for assistance 

were soon in place. Our business rates were cancelled, we received £39K in various grants from Wandsworth Borough Council, £26K in furlough support from HMRC, whilst “Shine On”, our giving campaign, raised a magnificent £23K (including Gift Aid). We also received a cancellation insurance payment of £2K and income from other initiatives. Details are in the financial report, and I would like to say thank you on behalf of all who worked to raise funds and the many who have given (and continue to give) so generously. 

**PTC: The cast of** _**Truth or Dare**_ 

At the time of writing, we have been awarded a grant from the government’s Cultural Recovery Fund, which will tide us over until we are again fully operational, and will enable us to rebuild our reserves. Nevertheless, though the immediate future is secure, the turbulence of the last year should not obscure the fact that preCovid the theatre was running at a loss. The trustees believe that one effect of Covid will be lower membership and audience levels for the next few years, and that overheads must be reduced to reflect this. 


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There are many people who must be thanked for all they do, so many in fact that I hope everybody will understand if I mention only a few key individuals. 

We are fortunate that we continue to have a strong group of trustees with a wide range of backgrounds. Even so, we are always sad when any of our trustees comes to the end of their term, and this year saw the retirement of Melanie Nazareth and Kate Thompson. Melanie’s legal background was particularly useful when we were negotiating the thickets of health, safety, safeguarding and similar requirements. Melanie and Kate were both Group 64 parents and we are very grateful for their hard work and support with productions, fundraising, and much else. Rick Simmonds also found that he was unable to devote the time that he had hoped to being a trustee, so decided to step aside; but we are very pleased that he continues to be a Group 64 parent and a firm supporter of all that we do. 


**PTC: Online monologue** 

We were pleased to welcome two new trustees to the board: Amanda Benzecry is a long-standing PTC member and former Group 64 parent with a strong commercial background and experience as a trustee of other charitable organisations. Laura Jackson is a senior HR professional with a major investment bank, and trustee for a number of arts organisations. Our trustees bring diverse professional skills on which the trustees are very glad to call, and they come to us from different places - through both the youth and adult groups, and from outside. 

Group 64 has continued to be in the safe and inspiring hands of Nicola Sterry, though in fact for much of the 

**Group 64: first class (14-17) back in the theatre** 

year Nicola was on maternity leave. Our congratulations to Nicola and Lee on the birth of their third son, Jasper. Amy Insole provided firm and imaginative leadership as youth director, with very able and creative assistance from Stacey Burt, as they brilliantly put together an array of online offerings to which our young members looked forward every week and which their parents praised. We were extremely sad that Amy left Group 64 at Christmas 2020 to pursue an opportunity in Europe, and we would like to place on record our thanks for five years of exemplary teaching and directing. Amy would be a hard act to follow, except that we had the perfect candidate in Stacey, who is now in the middle of a very successful second term as Youth Director. We are delighted that former Group 64 member and longstanding assistant Katy Morrish was available to step in as assistant youth director. 

**Group 64:** _**The Twits**_ **online (7-11)** 

PTC is grateful as ever to the Co-Artistic directors. Zoë Thomas-Webb and Jeff Graves worked incredibly hard to create seasons of breadth, variety and quality over the year, but when faced with the cancellation of all that they had developed, responded with calmness, vision, imagination and enthusiasm to maintain a creative presence for PTC despite the closure of the theatre. Zoë needed to step down in August, to focus on her family in lockdown. We are very grateful for Zoë’s untiring effort, ideas and enthusiasm, and look forward to another characteristically inspirational production before too long. In Zoë’s place, we welcomed Emma Miles, PTC actor and director, to work with Jeff. All has gone well so far, and PTC is poised with an exciting programme of productions for 2021 and beyond. 

**Group 64:** _**The Lion, the Witch & the Wardrobe**_ **workshop (7-11)** 

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PTC remains successful due to the enormous commitment and enthusiasm of all its members. Thanks must go to all directors, technical crews, cast, front of house teams and everyone associated with productions, both online and on stage, without whom no show could go on. However, PTC is more than just its productions, and thanks are also due to the members of the PTC Committee and its Chair Carrie Cable. We must additionally single out one other person who has done so much to keep our spirits up during these difficult times. Step forward Ally Staddon, social secretary and joint host of this year’s awards ceremony. 

**PTC: The cast of** _**It’s What’s Inside that Counts**_ 

The office has often been empty, but there has been no lack of effort on the part of our management team. When not wrestling with the intricacies of grant applications, or administering the Shine-On giving campaign, Veronika Wilson has been getting to grips with PPE, social distancing, and the hygiene protocols for the limited reopening that we have been permitted. Marie Thackwell has developed a number of fundraising initiatives, including the sale of donated goods on behalf of the theatre, and a very successful and enjoyable raffle and Christmas fair. Inevitably however there has been 

nothing like the usual level of activity and so advantage was taken of HMRC’s furlough scheme to whilst these members of staff were at home. 

**PTC: Tales from the Attic** 


We never knew how this year would end, with the theatre closed, and only a ghost light left on to remind us that we will be back, but the energy and spirit of PAT remains unbroken and we are confident that we will be able to report on further success next year as we adapt to whatever becomes the “new normal”. We cannot thank everyone who has contributed to our successes throughout the year, and the incredibly positive response to adapting to life in lockdown, but I am grateful to lead this wonderful community of staff, trustees and office holders, directors, production teams, actors, audiences and supporting members. The Covid crisis has reminded us all of the value of the arts and the importance of community, and I thank everyone who continues to help us play our part. 

**Sarah Jillings, Chair of the Trustees             31 May 2021** 

**Who Ya Gonna Call? Veronika fumigates the theatre** 


**PTC:** _**Twelfth Night**_ **’s cross garters!** 

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**for the Year Ended 31 March 2021** 

## **Putney Arts Theatre: Report of the Trustees** 

The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. 

The accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

**Registered Charity number** 1157481 **Principal address** Putney Arts Theatre Ravenna Road London SW15 6AW **Registered charity name** The Putney Arts Theatre **Operating sections** Group 64 Theatre for Young People (to age 21) Putney Theatre Company (age 21+) Putney Arts Theatre (hires and administration) **President** Mrs Audrey Copus 

|**Trustees**|||
|---|---|---|
|Paul Benton||Craig McAulay|
|Amanda Benzecry (from 10 October 2020)||Melanie Nazareth (retired 10 October 2020)|
|Caroline Cable||Bryan Raven|
|Zoe Copley||Joseph Raynor|
|Laura Jackson (from 13 April 2021)||Rick Simmonds  (retired 19 January 2021)|
|Sarah Jillings  (Chair)||Kate Thompson (retired 10 October 2020)|
|Perry Kitchen  (Treasurer)||Piers Wilson (Vice-Chair)|
|**Secretary to Trustees**|||
|Sarah Kitchen|||
|**Putney Arts Theatre**|Veronika Wilson<br>General Manager||
||Marie Thackwell<br>Business Manager||
|**Group 64 theatre**|Nicola Sterry|Director|
|**for young people**|Amy Insole|Youth Director (to 31 December 2020)|
||Stacey Burt|Youth Director (from 1 January 2021)|



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**Putney Theatre Company** Carrie Cable Chair and Treasurer Jeff Graves Co-Artistic Director Zoe Thomas-Webb Co-Artistic Director (to August 2020) Emma Miles Assistant Artistic Director (from September 2020) Alexa Adam Media and Communications Olga Budimir Minuting Secretary Kim Dyas Facilities Ian Finch Technical Grace Johnstone Membership and Company Stage Manager Craig McAulay Trustee representative Tom Sainsbury Website and Communications Ally Staddon Social Events and Front of House Susanna Statton Membership Development Veronika Wilson General Manager **Independent examiner** Mr Richard F Atkins FCA Eric Nabarro & Co., Hyde Park House 5 Manfred Road, Putney London SW15 2RS **Solicitor** Russell-Cooke LLP 2 Putney Hill, London SW15 6AB **Bankers** National Westminster Bank PLC 153 Putney High Street, London SW15 1RX 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is a Charitable Incorporated Organisation (CIO) and was entered on the Register of Charities on 16 June 2014. It assumed the assets, liabilities and obligations and continued the activities of Group 64, an unincorporated charity founded in 1964. The charity is governed by its constitution. This provides that trustees may be elected by the members of the Putney Arts Theatre, that one third of trustees by rotation should retire each year and may offer themselves for re-election, and that no trustee may serve more than four consecutive terms (i.e. twelve years). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The objects of the charity are: 

To advance the arts, particularly the medium of drama, for the benefit of the public; and To help and educate young people through their leisure time activities, especially in the medium of drama and the associated arts, so to develop their physical and mental capabilities that they may grow to full maturity as individuals and members of society. 

## **Significant activities** 

The charity achieves its objectives through providing productions of plays for the benefit of the public and of participants (who are drawn from the community); through providing drama classes, productions, holiday projects and other activities for young people aged 4- 21; and through the provision of space and facilities for other community theatre groups, musical ensembles, local artists, a third age literary group and many others. A detailed report of activities undertaken during the year is contained in the Chair’s Report. This demonstrates that the objects of the charity have been advanced. 

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## **Public benefit** 

The trustees confirm that the activities referred to above have been undertaken in order to further the charity’s purposes for the public benefit; and that they have had regard to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. 

## **Financial review** 

Total incoming resources were £198,982 (2020: £203,744). Total resources expended were £156,076 (2020: £219,291). 

There was a surplus of £13,886 (2020: deficit £13,354) in the income and expenditure for regular productions, drama classes, and other activities; there was no activity in the building capital fund (2020: deficit £2,193). The net overall surplus in 2020-21 was £42,906 (2020: deficit £15,547). £29,020 of the 2020-21 surplus, being net tax reimbursement in respect of prior years, has been taken to reserves. 

In addition to the statutory information, notes 14 and 15 following the financial statements contain analyses by activity and productions, for information and interest. 

## **Reserves policy** 

The charity’s reserves policy is to maintain a Building Capital Reserve which is sufficient to meet all anticipated costs of improvement and maintenance of the Putney Arts Theatre for at least the next 12 months; and a Revenue Reserve which aims to be equal to 3 months’ normal expenditure. The trustees consider this to be the minimum required to cushion the charity against unforeseen events. At 31/3/21 the Building Capital Reserve was £8,474. The trustees consider this to be sufficient, since no capital expenditure is planned for the foreseeable future that is not financed by outside grants and donations. The Revenue Reserve was £54,978, against a 3 month normal expenditure requirement in excess of £50,000. 

## **2021-22 financial outlook** 

Thanks mainly to government support in the form of grants and furlough payments, the charity’s financial position at 31 March 2021 was stronger than a year earlier, and in line with its reserves policy. At the time of writing we are pleased to report that further government assistance in the form of a Cultural Support Grant has been awarded, and we expect this to tide us through until we can resume the full range of our operations. In previous years this report has expressed disappointment when government support has been absent, so on this occasion the trustees wish to place on record their thanks for help without which the charity would surely have foundered. 

Nevertheless, the future can never be certain. This reporting period opened at a time that the trustees were reviewing the charity’s financial structure, conscious that a deficit reported in 201920 appeared likely to be repeated in 2020-21. Already income from regular activities was not keeping pace with increasing costs. Now for more than a year the charity’s regular activities have been severely curtailed and the financial picture has been obscured; but looking ahead the trustees believe that drama class and audience numbers for the next few years are likely to be lower than hitherto, exacerbating the situation already identified. Accordingly the trustees are planning on the assumption that activity levels will be lower, and that costs must be adjusted in line. Our most significant costs relate to staff, so it is likely that this will impact on staffing levels. 

## **Risk Management** 

The trustees have reviewed the major strategic, business and operational risks to which the charity is exposed. These include loss of or damage to the building, liability to users and visitors, and loss of income. The trustees confirm that systems have been established to mitigate any such risks, that insurance cover has been obtained to cover strategic risks, and that the assessment of risks is kept under review. 

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Data protection and information governance policies are in place and are reviewed to ensure that data is protected and that the internal processes are robust and comply with any new legislative or regulatory requirements. 

Approved by order of the board of trustees on 13 July 2021 and signed on its behalf by: 


## **P D C N Kitchen MA FCA: Trustee and Treasurer** 

**Group 64: Jack Petchey Award winners** 

**PAT: Christmas poster** 


**----- Start of picture text -----**<br>
Putney Arts Theatre in the snow<br>**----- End of picture text -----**<br>



**Online Zoom class (14-17)** 


**----- Start of picture text -----**<br>
10<br>PTC:  The Magistrate<br>**----- End of picture text -----**<br>




## **Independent Examiner's Report to the Trustees of Putney Arts Theatre** 

I report on the accounts for the year ended 31 March 2021 set out on pages 12   to 18. 

## **Respective responsibilities of trustees and examiner** 

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. The charity’s gross income did not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. 

It is my responsibility to: 

- examine the accounts under Section 145 of the 2011 Act 

- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and 

- to state whether particular matters have come to my attention. 

## **Basis of the independent examiner's report** 

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

- (1) which gives me reasonable cause to believe that, in any material respect, the requirements 

   - to keep accounting records in accordance with Section 130 of the 2011 Act; and 

   - to prepare accounts which accord with the accounting records and to comply with  the accounting requirements of the 2011 Act 

have not been met; or 

- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 


Richard F Atkins FCA Eric Nabarro & Co., Hyde Park House 5 Manfred Road London SW15 2RS 

Date:    19 July 2021 

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## **Putney Arts Theatre** 

## **Statement of Financial Activities** 

## **for the year ended 31 March 2021** 

|**2021**<br>**2021**<br>**Notes  Restricted   Unrestricted**<br> <br>**£**<br>**£**<br>**-------**<br>**------**<br>**INCOMING RESOURCES**<br>**Income and endowments from:**<br>Donations, sponsorship & grants: unrestricted  2<br>99,305<br>Grants: restricted (Jack Petchey Foundation)   2<br>2,500<br>  _<br>2,500       99,305<br>Charitable activities<br>3<br>92,288<br>Trading activities<br>4<br>4,889<br>_____      ______<br>**Total incoming resources**<br>2,500<br>  196,482<br>  <br>**RESOURCES EXPENDED**<br>**Expenditure on:**<br>Charitable activities: unrestricted<br>7<br>146,078<br>Charitable activities: restricted (Jack Petchey)   7<br>2,500<br>  <br>  <br>2,500    146,078<br>Raising funds<br>7<br>7,498<br>_____      ______<br>**Total resources expended**<br>2,500<br>  153,576<br>  <br>**NET INCOMING (2020 OUTGOING) RESOURCES**<br>42,906<br>**TOTAL FUNDS BROUGHT FORWARD**<br>202,378<br>______      ______<br>**TOTAL FUNDS CARRIED FORWARD**<br>245,284<br>**======     =======**|**2021**<br>**2020**<br>**Total             Total**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>**------              ------**<br>99,305       15,830<br> 2,500<br> 1,250<br>101,805       17,080<br>92,288      168,864<br>4,889       17,800<br>______       ______<br> 198,982<br> 203,744<br>146,078     200,722<br> 2,500<br>  1,250<br>148,578     201,972<br>7,498       17,319<br>______       ______<br> 156,076<br> 219,291<br>42,906     (15,547)<br>202,378     217,925<br>_______     ______<br>245,284     202,378<br>**=======    =======**|
|---|---|



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## **Putney Arts Theatre** 

## **Balance Sheet** 

## **At 31 March 2021** 

|**Balance Sheet**<br>**At 31 March 2021**||||||
|---|---|---|---|---|---|
|||**2021**<br>|**2021**|**2021**<br>|**2020**|
||**Notes**|**Restricted**|**Unrestricted**|**Total**|**Total**|
|||||**funds**|**funds**|
|||**£**<br>|**£**|**£**<br>|**£**|
|||**-------**<br>|**------**|**------**|**------**|
|**FIXED ASSETS**||||||
|Tangible Assets (Putney Arts Theatre)|8|<br>|181,832|181,832|181,832|
|**CURRENT ASSETS**||||||
|Stocks|9||725|725|1,450|
|Debtors|10||5,152|5,152|2,711|
|Cash at bank and in hand|||76,827|76,827|28,579|
|||_____|_____|_____|_____|
|||1,000|82,704|82,704|32,740|
|**CREDITORS**||||||
|Amounts falling due within one year|11|(1,000)|(19,252)|(19,252)|(12,194)|
|||____<br>|<br>|_____|_____|
|**NET CURRENT ASSETS**||0|63,452|63,452|20,546|
|||____<br>|______|______|______|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||0|245,284|245,284|202,378|
|||______|______|_______|______|
|**NET ASSETS**||0|245,284|245,284|202,378|
|||**======**|**=======**|**=======**|**=======**|
|**FUNDS**||||||
|||0|245,284|245,284|202,378|
|||______|______|_______|______|
|**TOTAL FUNDS**|12|0|245,284|245,284|202,378|
|||**======**|**=======**|**=======**|**=======**|



The financial statements were approved by the Board of Trustees on 19 July 2021 and were signed on its behalf by: 


**Perry Kitchen MA FCA: Trustee and Treasurer** 

**Sarah Jillings MA: Chair of Trustees** 

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**Putney Arts Theatre** 

**Notes to the Financial Statements** 

## **for the Year Ended 31 March 2021** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparation and assessment of going concern** 

The financial statements have been prepared under the historical cost convention with items recognised at historical cost or transaction value. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (the Charities SORP) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. 

Putney Arts Theatre is a Charitable Incorporated Organisation and meets the definition of a public benefit entity under FRS 102. 

The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern. 

## **Incoming resources** 

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

## **Tangible fixed assets** 

Tangible fixed assets comprise a freehold property that is included at the cost of acquisition from the predecessor charity. No depreciation is provided as regular expenditure on maintaining the property means that the amount recoverable on any disposal is likely to be greater than the net book value in the accounts for the foreseeable future. 

## **Stocks** 

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. 

## **Taxation** 

The charity is exempt from tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Part of the fund has been designated by the trustees for the maintenance of the freehold property and incoming resources are allocated to this fund on the basis of the donors' stated wishes. Expenditure on maintenance and enhancement of the property is allocated to this fund. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

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## **Pension costs and other post-retirement benefits** 

The charity operates a defined contribution pension scheme, which complies with current pension legislation.  Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

## **Allocation of support costs** 

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's artistic programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on a functional basis as set out in note 7. 

## **Statement of cash flows** 

In preparing these financial statements the trustees have taken advantage of the disclosure exemptions permitted by the Charities SORP to charities that are not large not to prepare a statement of cash flows. 

## **2.    DONATIONS, SPONSORSHIP AND GRANTS** 

|**DONATIONS, SPONSORSHIP AND GRANTS**|||
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|Donations (including Gift Aid)|24,996|6,760|
|Sponsorships|2,904|1,800|
|Grants: unrestricted<br>|45,718|7,270|
|Grants: restricted (Jack Petchey Foundation)|2,500|1,250|
|HMRC furlough grants|25,687||
||______|______|
||101,805|17,080|
||======|======|
|**NCOME FROM CHARITABLE ACTIVITIES**|||
||**2021**|**2020**|
||**£**|**£**|
|Subscriptions|43,288|79,824|
|Productions|43,712|66,420|
|Other charitable activities|5,288|22,620|
||______|______|
||92,288|168,864|
||======|======|



## **3.      INCOME FROM CHARITABLE ACTIVITIES** 

## **4.      INCOME FROM TRADING ACTIVITIES** 

||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Theatre hires etc|4,760|14,958|
|Other trading activities|129|2,842|
||_____|_____|
||4,889|17,800|
||=====|=====|



15 



## **5. TRUSTEES’ REMUNERATION AND BENEFITS** 

There were no trustees’ remuneration or other benefits for the year ended 31 March 2021 

## **Trustees’ expenses** 

There were no trustees’ expenses paid for the year ended 31 March 2021 

|**6.**|**STAFF COSTS**|**2021**|**2020**|
|---|---|---|---|
|||**£**|**£**|
||Wages and salaries|105,057|128,939|
||Social Security costs|6,975|7,151|
||Other pension costs|5,319|6,749|
|||______|______|
|||117,351|142,839|
|||======|======|



The average monthly number of employees during the year was as follows: 

||**2021**|**2020**|
|---|---|---|
|Group 64 Theatre|3|3|
|General management|2|2|
||______|______|
||5|5|
||======|======|



No employees received emoluments in excess of £60,000 (nor in 2020). 

|**7.**<br>**RESOURCES EXPENDED**<br>**2021**<br>Wages<br>Overheads & administration<br>Restricted expenditure (Jack Petchey)<br>Theatre production costs<br>Theatre maintenance & enhancement costs<br>**2020**<br>Wages<br>Overheads & administration<br>Restricted expenditure (Jack Petchey)<br>Theatre production costs<br>Theatre maintenance & enhancement costs|**Costs of**<br>**raising**<br>**funds**<br>**£**<br>5,888<br>1,610<br>7,498<br>======<br>**Costs of**<br>**raising**<br>**funds**<br>**£**<br>13,677<br>3,758<br>17,435<br>=======|**Costs of**<br>**charitable**<br>**activities**<br>**£**<br>111,462<br>33,565<br>2,500<br>1,051<br>0<br>148,578<br>======<br>**Costs of**<br>**charitable**<br>**activities**<br>**£**<br>129,162<br>38,466<br>1,250<br>30,309<br>2,669<br>201,856<br>======|**Total**<br>**£**<br>117,350<br>35,175<br>2,500<br>1,051<br>0<br>156,076<br>======<br>**Total**<br>**£**<br>142,839<br>42,224<br>1,250<br>30,309<br>2,669<br>219,291<br>======|
|---|---|---|---|



16 



The Jack Petchey Foundation grants were restricted to the charitable activities of Group 64 Theatre for Young People, and were expended on items of equipment to support drama classes and productions, and to enable bursaries for young people of restricted financial means. 

The Independent Examiner provided his services for £1,200 (2020: £1,200) including VAT. 

## **8. TANGIBLE FIXED ASSETS** 

Tangible fixed assets comprise a freehold property that is included at the cost of acquisition from the predecessor charity. No depreciation is provided as regular expenditure on maintaining the property means that the amount recoverable on any disposal is likely to be greater than the net book value in the accounts for the foreseeable future. 

|**9.**|**STOCKS**|||
|---|---|---|---|
|||**2021**|**2020**|
|||**£**|**£**|
||Stocks|725|1,450|
|||=====<br>|=====|



|**10.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|---|
|||**2021**|**2020**|
|||**£**|**£**|
||Other debtors & prepayments|5,152|2,711|
|||=====<br>|=====|
|**11.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||**2021**|**2020**|
|||**£**|**£**|
||Jack Petchey grant (restricted) carried forward||1,000|
||Other creditors & accruals<br>|17,671|8,814|
||Taxation and social security|1,581|2,380|
|||19,252|12,194|
|||=====|=====|



17 



## **12. MOVEMENT IN FUNDS** 

|**2021**<br>**Net**<br>**movement**<br>**in funds**<br>**At**<br>**£**<br>**Unrestricted funds**<br>General fund<br>42,906<br>Building Capital<br>0<br>**TOTAL FUNDS**<br>42,906|**31.03.21**<br>**£**<br>236,810<br>8,474<br>245,284|
|---|---|



Net movement in funds, included in the above are as follows: 

||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|198,982|(156,076)|42,906|
|Building Capital|0|0|0|
||198,982|(156,076)|42,906|
|**2020**||**Net**||
|||**movement**||
|||**in funds**|**At 31.03.20**|
|||**£**|**£**|
|**Unrestricted funds**||||
|General fund||(13,354)|193,904|
|Building Capital||(2,193)|8,474|
|**TOTAL FUNDS**||(15,547)|202,378|



Net movement in funds, included in the above are as follows: 

||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|203,268|(216,622)|(13,354)|
|Building Capital|476|(2,669)|(2,193)|
||203,744|(219,291)|(15,547)|



## **13. RELATED PARTY TRANSACTIONS** 

There were no related party transactions 

18 



## **The schedules which follow do not form part of the statutory financial statements** 

## **14. DETAILED ACCOUNTS FOR THE YEAR TO 31 MARCH 2021** 

## **INCOME & EXPENDITURE ACCOUNT** 

||**Putney Theatre Company**<br>**2021**<br>Subscriptions & acting fees<br>**Productions:**<br>Cancelled show donations<br>579<br>Truth or Dare<br>711<br>Online monologues (donations not linked)       0<br>Twelfth Night<br>825<br>Gut<br>133<br>God of Carnage<br>796<br>Stories from the Attic<br>705<br>The Weir<br>1,145<br>It’s What’s Inside that Counts<br>1,030<br>____<br>Total production income<br>Readings & social events<br>Prior year production costs<br> **Total PTC**<br>**Group 64**<br>Drama class subscriptions<br>**Productions:**<br>Shine on Festival<br>604<br>Young Co: Find a Partner<br>255<br>___<br>Total production income<br>Holiday projects & workshops<br> <br>Education (schools) projects<br>Fundraising<br>Grants and donations<br>Group 64 costs (mainly staff, net of furlough) <br>**Total G64**<br>**Putney Arts Theatre**<br>**Income**<br>Theatre lettings<br> <br>Art exhibitions/craft fairs/prize draw<br>Car parking<br>Wandsworth BC Grants<br>Donations – Shine On campaign, inc Gift Aid<br>Sales of donated goods<br>Theatre pass & other income<br>Corporate sponsorship<br>Insurance claim<br>**PAT income**<br>|**£**<br>4,662<br>The Real Thing<br>The Blue Room<br>Revolutions<br>The Odyssey<br>Bed 13<br>Bad Jews<br> <br>Enron<br> <br>Radiant Vermin<br> <br>Things I Know to be True<br>The Inaccurate Conception<br>Treasure Island<br> <br>Tribes<br>The Duchess of Malfi<br>The Wolves<br>5,924<br>0<br>269<br> <br>**10,855**<br> <br>38,626<br>Hansel & Gretel<br>YD: Journey to X/The Stones<br>Peter Pan<br>YC: Witches Can’t Be Burned<br>859<br>5,230<br>87<br>9,000<br>(58,535)<br> <br>**(4,733)**<br> <br>3,360<br>1,199<br>1,400<br>39,218<br>22,989<br>938<br>(29)<br>2,904<br>2,000<br> <br>73,979|**2020**<br>3,777<br>293<br>2,128<br>3,667<br>1,085<br>347<br>3,217<br>1,546<br>2,612<br>343<br>5,246<br>2,268<br>3,381<br>2,408<br> <br>2,694<br>773<br>4,005<br>856<br> <br>|**£**<br>6,434<br> <br> <br> <br> <br> <br> <br> <br> <br> <br>32,318<br>1,410<br>(141)<br> **40,021**<br>73,390<br>8,328<br>14,118<br>4,042<br>1,383<br>8,520<br> (86,188)<br> **23,593**<br>14,958<br>892<br>1,950<br>2,500<br>2,325<br>1,458<br>188<br>1,800<br>_____<br>26,071|
|---|---|---|---|---|
|||<br> <br>|||



19 



||**2021**|**£**|**2020                £**|
|---|---|---|---|
|PAT income (from previous page)||73,979|26,071|
|**Putney Arts Theatre Expenditure**||||
|Theatre admin, net of furlough       (36,020)|||(59,565)|
|Fixtures, fittings, equipment|||(1,584)|
|Repairs & redecorations<br>|(1,343)||(3,424)|
|Health & Safety<br>|(2,715)||(391)|
|Water<br>|(530)||(765)|
|Council tax|||(1,851)|
|Insurance<br>|(6,878)||(7,393)|
|Heating<br>|(1,897)||(4,201)|
|Lighting<br>|(1,750)||(3,913)|
|Housekeeping & waste disposal|(4,656)||(8,389)|
|Theatre licence, inspections etc|(859)||(459)|
|Postage, stationery & printing<br>|(386)||(2,384)|
|Website & IT<br>|(3,282)||(2,229)|
|Telephone<br>|(1,722)||(1,684)|
|General publicity<br>|(151)||(1,049)|
|Independent examiner<br>|(1,200)||(1,200)|
|Coffee machine/stock write-off<br>|(590)||(375)|
|Bank charges<br>|(2,236)||(2,183)|
|||(66,215)|(103,039)|
|**PAT surplus/deficit**||**7,764**|**(76,968)**|
|**Summary**||||
|PTC||10,855|40,021|
|Group 64||(4,733)|23,593|
|PAT<br>||7,764|(76,968)|
|**Total Income & Expenditure surplus/deficit)**||**13,886**|**(13,354)**|
|||=====|=====|
|**BUILDING CAPITAL FUND**||||
|**Income**||||
|Donations etc||0|477|
|**Expenditure**||||
|New seats & ceiling safety measures||0|(2,670)|
|||______|__|
|Building Capital Fund surplus/deficit||0|(2,193)|
|Building Capital Fund at 1/4/20||8,474|10,667|
|||_____|_____|
|**Building Capital fund at 31/3/21**||**8,474**|**8,474**|
|**SUMMARY OF INCOMING/OUTGOING RESOURCES**||||
|Income & expenditure surplus/deficit<br>||13,886|(13,354)|
|Building capital fund surplus/deficit|<br>||(2,193)|
|Theatre Tax Relief, net of fees, to reserves||29,020||
|||**_____**|**_____**|
|**Net incoming resources**<br>||**42,906**|**(15,547)**|
|||======|======|



20 



## **15. ACCOUNTS OF PLAYS 2020/21** 

|**PTC**<br>|**The Hollow**|**Truth or      Online**|**Twelfth   The**||**God of**|**Stories/**|**The**|**It’s What’s**|**Total**|**Total**|
|---|---|---|---|---|---|---|---|---|---|---|
||**(cancelled)**|**Dare      Monologues   Night   Magistrate**||**Gut**|**Carnage**|**Attic**|**Weir**|**Inside**|**2021**|**2020**|
|**Nos. Full**|||46|||83|||129|2312|
|**Conc**||142|52|41|191||247|206|879|1379|
|||142|98<br>|41|191|83|247|206|1008|3700|
|**Capacity**|||||||||||
|**As %**|||||||||||
|**Income**|**£**||||||||||
|**Tickets**||710|1164|205|955|830|1235|1030|6129|42431|
|**Program profit**||||||||||17|
|**Bar profit**||||||||||5131|
|**Donations**|716<br>|1|||||||717|____|
||716<br>|711|1164|205|955|830|1235|1030___|6846__|47579|
|**Expenditure**|||||||||||
|**Set**|||||||||||
|**Props**||||||125|||125|1022|
|**Wardrobe**|||65||||||65|2165|
|**Hair, Make-up**|||||||||||
|**Lights**|||||56||||56|498|
|**Sound/music**|||||||||||
|**Publicity/photo**|105||||||||105|2717|
|**Rights**||||72|103||90||265|3893|
|**Rehearsal space**||||||||||1444|
|**Wandsworth Council**|||273||||||273|273|
|**Scripts/other**|32||1||||||33|874|
|||||||||______________________|||
||_137||339|72|159|125|90||922___|_15261|
|**Profit**|**579**<br>|**711**|**825**|**133**|**796**|**705**|**1145**|**1030**|**5924**|**32318**|



**=======================================================================================================** 

|**Note: PTC**<br>**Group 64**<br>**Nos. Full**<br> **Conc**<br>**Capacity**<br>**As %**<br>**Income**<br>**Tickets**<br>**Program profit**<br>**Bar profit**<br>**Other income**<br>**Expenditure**<br>**Set**<br>**Props**<br>**Wardrobe**<br>**Hair, Make-up**<br>**Lights**<br>**Sound**<br>**Publicity/photo**<br>**Rights**<br>**Rehearsal  space**<br>**WBC**<br>**Scripts**<br>**Other**<br>**Profit**|**Online Monologues and The Magistrate did not charge for performances. Viewers were encouraged to donate to PAT.**<br>**Shine**<br>**Find a**<br>**Total           Total**<br>**On**<br>**Partner**<br>**2021**<br>**2020**<br> <br>17<br>2312<br>2312<br> 121<br>17<br>1388<br>1388<br>  121<br>34<br>3700<br>3700<br>7189<br>51%<br>**£**<br>605            255               860<br>9859<br>(25)<br>698<br> <br>______<br> 605             255<br>860<br>10,532<br>118<br>59<br>16<br> <br>  <br> <br> <br>50<br>248<br>1575<br> <br>  <br> <br> <br> <br>1<br>_<br>1<br>138<br>___1               0<br>1<br>2204<br>**604            255**<br>**859**<br>**8328**<br>**=================================**|**Online Monologues and The Magistrate did not charge for performances. Viewers were encouraged to donate to PAT.**<br>**Shine**<br>**Find a**<br>**Total           Total**<br>**On**<br>**Partner**<br>**2021**<br>**2020**<br> <br>17<br>2312<br>2312<br> 121<br>17<br>1388<br>1388<br>  121<br>34<br>3700<br>3700<br>7189<br>51%<br>**£**<br>605            255               860<br>9859<br>(25)<br>698<br> <br>______<br> 605             255<br>860<br>10,532<br>118<br>59<br>16<br> <br>  <br> <br> <br>50<br>248<br>1575<br> <br>  <br> <br> <br> <br>1<br>_<br>1<br>138<br>___1               0<br>1<br>2204<br>**604            255**<br>**859**<br>**8328**<br>**=================================**|
|---|---|---|
||605<br>  <br>1||
|||1|
||___1<br>**604**<br>**=========**|1|



21 



## **PTC Online Monologues: Summer 2020** 

**Title** A matter of Life and Death Penelope The Watsons A Midsummer Night’s Dream People Places Things My Night with Reg Much Ado About Nothing Much Ado About Nothing The Plague Thing Holes A Streetcar named Desire Noises Off Low Level Panic Hay Fever Mr Burns Educating Rita The Real Inspector Hound Humble Boy From There You’re a Good Man Charlie Brown The Importance of Being Earnest The Writer Hamlet The Assassination of Katie Hopkins The Low Road Miss Julie Bull Two Gentlemen of Verona Picnic at Hanging Rock We Are Three Sisters Posh Death of a Salesman Dido Queen of Carthage Shirley Valentine An Ideal Husband A Slight Ache Good People The Madness of George III Saint Joan Mercury Fur Playhouse Creatures As You Like It Jerusalem Strife There Are No Beginnings The Pride The Merry Wives of Windsor The Angry Brigade Cooking with Elvis Radio Golf All’s Well that Ends Well Twelfth Night The Odd Couple Edward II The Moors Amadeus Who’s Afraid of Virginia Woolf? Henry IV Part 2 Appropriate Bedroom Farce Chewing Gum Dreams Emma Rice Speech 

**Actor** Ally Staddon Tom Thornton Emily Fellows Ali Khan Carla Ritchie Adam Moulder Simon Clarke Louisa Pead Carol Hudson Des Healy Catherine Allison Graham Kellas Morgan Black Olga Budimir Charles Golding Sarah Perkins Caroline D’Arcy Penny Weatherall Loetitia Delais Alexa Adam Theo Leonard Emma Tatlor Cait Hart Dyke Emma Fleming Beth Pedersen Morgan Beale Kirsty Harrison Stuart Watson Sadia Gordon Saffy Andrews Tim Iredale Corinna Miller Amanda Benzecry Sarah Kitchen Lizzie Iredale Jim Dixon Sarah Jillings Nick Mouton Emily Prince Wilf Walsworth Lois Saville Bradley White Graham White Jerome Joseph Kennedy Sharon Czudak Craig Bates Lesley Ann Jones Molly Cleary Bill Boyd Jonathon Grant Ellen Fife Tessa Campbell Barney Hart Dyke Paul Graves Emily Robbins Ian Higham Henry Finlay Paddy Cooper Paula Mount Grace Johnston Saffy Andrews All Actors 

## **Director** 

Emma Miles Josie Murphy Zoe Thomas Webb Tom Sainsbury Elly Meacham Ben Clare Katie Bonham Katie Bonham Marcia Kelson Jonathan Grant Jerome Joseph Kennedy Carla Ritchie Emily Fellows Carrie Cable Zoe Thomas Webb Adam Moulder Barney Hart Dyke Fran Rafferty Graham Kellas Stuart Watson Carrie Cable Craig Bates Ben Clare Katie Bonham Ian Higham Tom Sainsbury Kirsty Harrison Kim Dyas Emma Miles Emily Fellows Jeff Graves Elly Meacham Frances Bodiam Amanda Benzecry Grace Johnston Susanna Statton Graham Kellas Zoe Thomas Webb Ian Higham Nick Mouton Frances Bodiam Ben Clare Barney Hart Dyke Jeff Graves Susanna Statton Molly Cleary Ian Higham Elly Meacham Jeff Graves Paddy Cooper Laura Clifford Tom Thornton Harry Chambers Angharad Ormond Craig Bates Geoff Saunders Kim Dyas Beth Pedersen Nick Mouton Michael Maitland Jones Ben Clare The Group 

22 



## **Supporting cast** 

We are forever grateful to the following for their support of the Putney Arts Theatre 

The ADAPT Trust Allan Fuller Estate Agents The Ashley Foundation The Baring Foundation The Bay Tree Charitable Trust Denis Clark The Big Give The estate of Antony Bridges Win and Fred Bridges Chelsea Financial Services PLC The estate of Kathleen Clelland The Ernest Cook Trust The Co-op Community Fund The Maurice Copus (Group 81) Bursary The Foundation for Sport and the Arts Da Franco Restaurant Debonair Group The Sir Robert Gefferys Trust Ma Goa Restaurant The estate of Anna Greenburgh Group 64 Alumni The estate of Paul Haken **Fixing the Putney Arts Theatre sign** The estate of Nicholas Hawker Nick Hern Books Boris Karloff The Lodge Hotel, Putney MAJ Broadcast Ltd Maple Dentist The Miles Trust for Putney and Roehampton The National Lottery through the Arts Council of England The estate of Juanita Patrick The Jack Petchey Foundation Proficiency Ltd Putneyprinting.com (1[st] Creative) Putney Arts Theatre “Shine On” campaign The Putney Society The Reed Foundation Roca Ltd Sainsbury’s Ltd Santander Discovery Strada Restaurants The Truemark Trust Waitrose plc Sir Walter St John’s Educational Charity Wandsworth Borough Council White Light Ltd **Control centre: the sound/lighting control room** Piers Wilson The Woolf Charitable Trust World First Foreign Exchange Members of PTC and PAT, Group 64 parents, and many individuals from the Putney Community 

**Fixing the Putney Arts Theatre sign** 

**Control centre: the sound/lighting control room** 

23